PetroVietnam Gets $795M In Loans For $1.6B Coal Plant

Law360, New York (December 10, 2013, 12:36 PM EST) -- State-owned Vietnam Oil and Gas Group, also known as PetroVietnam, said Monday that it's signed agreements for a total of $795 million in export credit agreements and commercial loans from several banks to help finance the second phase of its $1.67 billion coal-fired power plant project.

The company said the Export-Import Bank of Korea is funding an export credit agreement worth $330 million, while guaranteeing $270 million in syndicate loans from commercial banks including Citibank NA, HSBC Holdings PLC, Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Financial Group...
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